Cohen Capital Management Inc. Increases Stake in Shopify Inc. $SHOP

Key Points

• Cohen Capital Management increased its Shopify stake by 43.8% in the second quarter, owning 32,677 shares valued at approximately $3.73 million. Hedge funds and other institutional investors collectively own 69.27% of the company.
• Analysts remain broadly bullish, with Shopify receiving a consensus “Moderate Buy” rating and an average price target of $169.72; several firms recently raised their targets to between $175 and $180.
• Shopify reported quarterly revenue of $3.58 billion, up 33.7% year over year, and earnings per share of $0.42 versus the $0.40 consensus estimate. Despite strong growth, the stock trades at a high valuation, with a P/E ratio near 100, increasing sensitivity to any slowdown.

Cohen Capital Management Inc. raised its position in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 43.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,677 shares of the software maker's stock after buying an additional 9,955 shares during the period. Cohen Capital Management Inc.'s holdings in Shopify were worth $3,731,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Kingdom Financial Group LLC. purchased a new position in Shopify during the 4th quarter valued at $26,000. Curio Wealth LLC bought a new position in Shopify during the 4th quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify during the fourth quarter valued at $29,000. Lloyd Advisory Services LLC. purchased a new position in Shopify in the fourth quarter worth about $31,000. Finally, Sound Income Strategies LLC raised its holdings in Shopify by 82.4% in the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock worth $31,000 after acquiring an additional 89 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHOP has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $180.00 target price on Shopify and gave the stock a "buy" rating in a research report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $180.00 price target on shares of Shopify in a research report on Tuesday, May 5th. Stifel Nicolaus set a $150.00 target price on shares of Shopify and gave the stock a "buy" rating in a report on Thursday, July 9th. Wedbush lifted their price objective on Shopify from $155.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Evercore reissued an "outperform" rating and issued a $175.00 price objective (up from $135.00) on shares of Shopify in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $169.72.

Shopify Stock Up 2.2%

Shopify stock opened at $147.44 on Friday. The firm has a market cap of $191.33 billion, a P/E ratio of 99.62, a P/E/G ratio of 3.11 and a beta of 2.58. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The business has a fifty day moving average of $118.63 and a two-hundred day moving average of $119.59.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.54% and a net margin of 14.53%.The company had revenue of $3.58 billion for the quarter. During the same period in the previous year, the business earned $0.69 EPS. Shopify's revenue for the quarter was up 33.7% compared to the same quarter last year. Equities analysts expect that Shopify Inc. will post 1.4 earnings per share for the current year.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Strong Q2 performance: Shopify reported adjusted earnings of $0.42 per share versus the $0.40 consensus estimate and revenue of $3.58 billion, up 33.7% year over year. Gross merchandise volume, gross profit and free cash flow also grew by more than 30%, while free-cash-flow margin reached 18%. SHOP Q2 Earnings Beat Estimates, Revenues Ride on Strong GMV
• Positive Sentiment: Above-consensus outlook: Shopify forecast third-quarter revenue of approximately $3.7 billion to $3.8 billion, implying low-30% growth and exceeding the roughly $3.6 billion analyst estimate. The guidance helped reinforce expectations for sustained momentum. Shopify expects Q3 revenue growth in the low 30s
• Positive Sentiment: AI and payments are becoming growth drivers: Traffic and orders referred by AI platforms such as ChatGPT and Gemini reportedly tripled year over year. Rising Shopify Payments penetration and expanding “agentic commerce” capabilities are supporting GMV and merchant growth across channels. Shopify executive discusses AI and entrepreneurship
• Positive Sentiment: Analyst support strengthened: Goldman Sachs, Citi, JPMorgan, Wedbush, BMO, Benchmark and Citizens JMP all raised their price targets following the earnings report. New targets generally range from $165 to $196, with mostly bullish ratings. Shopify analysts increase forecasts
• Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but maintained a neutral rating, suggesting limited near-term upside after the earnings-driven rally. Cantor Fitzgerald Shopify price target
• Negative Sentiment: Shopify’s valuation remains demanding, with a reported price-to-earnings ratio above 145, leaving the stock vulnerable if growth slows or AI-related investments pressure margins. Cathie Wood’s ARK Invest also trimmed its Shopify position, a modest negative signal for sentiment. Shopify Q2 risks and opportunities

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.

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